• BOCK GmbH, originally founded in 1932, is a technology and innovation leader in its field and offers one of the world’s largest portfolios of semi-hermetic compressors for natural refrigerants
• With the acquisition, Danfoss is investing significantly in broadening its scope of sustainable, clean technologies to speed up the green transition in commercial refrigeration systems 
• The transaction is subject to regulatory approval and is expected to close no later than Q1 2023

Bangalore: Danfoss has announced the intent to acquire compressor manufacturer BOCK GmbH, headquartered in Frickenhausen, Baden-Württemberg, Germany, from NORD Holding GmbH.

With over 50 years of history and assets under management of € 2.5 billion, NORD Holding is one of the leading private equity asset management companies in Germany.

Developing compressors for the natural refrigerant CO2 since 1993, BOCK is a global technology leader in the field of environmentally friendly, economical compressors.

According to the International Institute of Refrigeration, refrigeration technology and air conditioning take up about 15 % of the electricity consumption worldwide, making the quest for energy efficient solutions ever more relevant. Intelligent solutions, combining high energy efficiency and low-GWP refrigerants, both natural and synthetic, are the road to sustainable refrigeration and air conditioning. By acquiring BOCK GmbH, Danfoss takes a proactive approach to further the development and use of low-GWP refrigerants to help abate global warming and to ensure the competitiveness of the industry.